China Debate: Prasad vs Pettis on the Future of China’s Growth

January 22, 2014

Bloomberg Brief invited two leading China academics to discuss whether far-reaching reforms can maintain growth in the world’s second-largest economy at its current pace. Eswar Prasad says that expansion can continue at 6 percent to 7 percent, while Michael Pettis argues that rising debts and high costs of reform mean a sharp slowdown is inevitable.